Ohio Police & Fire Pension Fund, Columbus, plans to search for an active domestic small-cap to midcap core equity manager to run $272 million; an active domestic midcap core equity manager to handle $300 million; two active global equity managers to run $400 million to $500 million each, benchmarked against the MSCI All Country World index; and a derivatives-based enhanced index manager to run $180 million to $200 million. The small-cap to midcap manager will replace Fidelity, which was terminated by the $9 billion fund recently for performance. Fidelity executives could not be reached by press time for comment.
The funding source for the other portfolios has not been determined, and fund officials have not established a timeframe for completing the searches. Consultant William Bensur of Wilshire Associates will assist.